Have I got the TLDR right?
- Strategic update lays out timeline suggesting that any material announcements are some time away (longer than originally expected or not?)
- ST retailers exit their position to chase better ST gains; potentially looking to re-enter RAC at a cheaper price closer to future catalysts
- Paper hand retail minnows panic (as suggested by the small volume)
- Risk adverse LT holders or those holding <12 month hold
- Amplified by an announced exercise of options and the rumored sale on market as a signal of no confidence by options holder
If sale of those exercised options did occur, probably more downside in the ST.
Looks like my entry might be round the corner.. *rubs hands*
Ann: Race Strategic Update March 2021, page-278
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